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Dramatic decline in Iran's trade with commercial partners

New data released by Iran's major trading partners show a significant drop in Iranian imports, as well as the nations' exports to Iran, Radio Farda reported.


The Indian Ministry of Finance shared data Wednesday showing a 23-fold drop in India's imports from Iran in the first seven months of 2020.


India imported $3.2 billion of products from Iran in the first seven months of 2019, with that figure dropping to a meager $140 million in the same period in 2020.


India's Ministry of Finance also reported that the nation's exports to Iran also fell by 45 percent to $1.575 billion.

 

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